Central Garden & Pet Co Stock Price, News & Analysis

Central Garden & Pet (NASDAQ: CENT, CENTA) has announced its participation in the KeyBanc Capital Markets December Consumer Spotlight virtual event, scheduled for December 12-13, 2024. CEO Niko Lahanas and CFO Brad Smith will engage in a fireside chat on December 12, 2024, at 3:55 pm ET.

Interested parties can pre-register for the event through the provided MeetMax link. The fireside chat will be available as a webcast replay on Central's investor relations website after the conference. Management will also be available for one-on-one meetings during the event, which can be scheduled through KeyBanc representatives or by contacting Central's investor relations team.

Comfort Zone, a Central Garden & Pet brand, launches a campaign to challenge stereotypes about Cat Dads during cuffing season 2025. The initiative includes a -edition holiday gift box featuring a 2025 calendar and cat calming products. According to their survey, while almost 60% of women prefer dating dog owners over cat owners, and Cat Dads are viewed as 25% less attractive in dating profiles, these same women value qualities commonly associated with cat owners, such as being good listeners and kindhearted. The campaign aims to highlight how men who can create calming environments for cats might make better partners.

Nylabone, a brand under Central Garden & Pet (NASDAQ: CENT), has donated over $1 million worth of chew toys and treats to animal welfare groups in 2024 through its Nylabone Cares program. The company distributed more than 100,000 durable chew toys to over 750 organizations, including American Humane and ASPCA. The donations aim to promote healthy behavior in shelter animals and therapy dogs. Additionally, Nylabone provided 1,600 enrichment toys through their Holiday Enrichment program and made various charitable contributions, including supporting breast cancer research and military dog reunification efforts.

Central Garden & Pet reported fiscal 2024 financial results with net sales of $3.2 billion, down from $3.3 billion last year. GAAP EPS decreased to $1.62 from $1.88, while non-GAAP EPS improved to $2.13 from $2.07. The Pet segment sales were $1.83 billion (down 2%) and Garden segment sales were $1.37 billion (down 5%). Despite challenging conditions, the company achieved margin expansion and strong cash flow, with cash and equivalents reaching $754 million. For fiscal 2025, Central expects non-GAAP EPS of $2.20 or better.

Central Garden & Pet (NASDAQ: CENT, CENTA) has scheduled the announcement of its fourth quarter and fiscal year 2024 financial results for Monday, November 25, 2024, after market close. The company will host a conference call at 4:30 p.m. Eastern Time, featuring CEO Niko Lahanas and CFO Brad Smith, to discuss results and provide a business update. Investors can access the webcast and related materials at http://ir.central.com or join by phone at +1 (201) 689-8345.

Central Garden & Pet (NASDAQ: CENTA) has released its Impact Report for fiscal years 2022/2023, highlighting progress in sustainability initiatives. Key achievements include incorporating 33 million pounds of recycled materials in Kaytee bedding, saving 100 million gallons of water through drip irrigation, and reducing 19 metric tons of greenhouse gases through Wee Wee® pad compression. The company reported a 22% reduction in safety incidents in 2022 and 20% in 2023, while contributing $1.5 million in donations to various charitable organizations.

Central Garden & Pet Company (NASDAQ: CENT, CENTA) has announced key leadership changes effective September 29, 2024. Niko Lahanas, former CFO, has been appointed as the new Chief Executive Officer and will join the Board of Directors. Brad Smith, previously CFO of the Pet segment, will succeed Lahanas as the new Chief Financial Officer.

Lahanas, with nearly 18 years of experience at Central, replaces Beth Springer, who served as Interim CEO since October 2023. Springer will return to her role as Lead Independent Director. The company's founder and Chairman, Bill Brown, expressed confidence in Lahanas' ability to lead Central into its next growth phase, citing his instrumental role in setting strategic direction and driving performance as CFO since May 2017.

Nylabone, a brand in the Central Garden & Pet portfolio (NASDAQ: CENT), has been named a 2024-2025 Top Performer by the Pet Sustainability Coalition (PSC). This award recognizes companies in the pet industry committed to social and environmental responsibility. Nylabone, which joined PSC as an Advocate member in 2022, is among 20 leading accredited brands demonstrating commitment to sustainability across all 17 United Nations Sustainable Development Goals for 2030.

Nylabone's sustainability efforts have already yielded significant results:

• Saved about 600 cubic feet of landfill space with recyclable packaging
• Prevented 1.1 million pounds of greenhouse gas annually with electro-hydraulic machines
• Generated nearly 400,000 kilowatt hours of clean energy from rooftop solar systems

These efforts support Central Garden & Pet's Impact strategy, focused on protecting the planet, cultivating communities, and empowering employees.

Central Garden & Pet (NASDAQ: CENT, CENTA), a market leader in Pet and Garden industries, has announced its participation in the Barclays 17th Annual Global Consumer Staples Conference. The event is scheduled for Tuesday, September 3, 2024. Niko Lahanas, the company's CFO, will be hosting one-on-one meetings during the conference.

This participation provides an opportunity for Central Garden & Pet to engage with investors and industry professionals, potentially discussing the company's performance, strategies, and outlook. The Barclays conference is a significant event in the consumer staples sector, offering valuable networking and information-sharing opportunities for participating companies.